Charts Heikinashi chart‐Heikin‐Ashi chart looks like the candlestick chart but the method
of calculation and plotting of the candles on the Heikin‐Ashi chart is different from the candlestick chart. Each candle is calculated and plotted using some information from the previous candle:
1- Close price: the close price in a Heikin‐Ashi candle is the average of open, close, high and low price.
2- Open price: the open price in a Heikin‐Ashi candle is the average of the open and close of the previous candle.
3- High price: the high price in a Heikin‐Ashi candle is chosen from one of the high, open and close price of which has the highest value.
4- Low price: the low price in a Heikin‐Ashi candle is chosen from one of the high, open and close price of which has the lowest value.
So candles of a Heikin‐Ashi chart are related to each other because the close and open price of each candle should be calculated using the previous candle close and open price and also the high and low price of each candle is affected by the previous candle. So a Heikin‐Ashi chart is slower than a candlestick chart and its signals are delayed (like when we use moving averages on our chart and trade according to them).
Kagi chart‐ Kagi charts display a series of connecting vertical lines where the
thickness and direction of the lines are dependent on the price action. The charts ignore the passage of time. Kagi charts have no time axis and are made up of a series of vertical lines, however in the case of Kagi charts, the vertical lines are based solely on the action of closing prices. Another difference is that the thickness of a Kagi chart line changes when closing prices penetrate the previous column top or bottom.
Change Timescale
There are three ways to change the timescale of a chart: 1. Right‐click on the chart and change the time scale from the bottom of the context menu 2. Select a timescale from the Timescale drop‐down menu, located in the Fixed Toolbar
Copyright © Riflexo Jsc. 2011
55
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116